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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: gemsearcher who wrote (6102)	7/28/2000 9:11:45 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

KROONDAL SHARES FALL AFTER FRIENDLY BID Shares and options in South African platinum miner Kroondal fell as investors took profits after a friendly bid by Australia's Aquarius Platinum earlier in the week. Kroondal shares were trading 6.15 percent lower at R15.25 rand, adrift of a year-high of R21 reached at the beginning of the week shortly before the two firms said they intended to merge to create a company worth Sterling 200 million. The deal will be through Aquarius offering 100 of its shares from a newly listed subsidiary on the Johannesburg bourse for every 100 Kroondal shares. Aquarius is expected to use strong cash flows from Kroondal to finance mine projects in South Africa, including the Marikana and Everest South projects to develop new platinum mines. Kroondal shares will be delisted from the Johannesburg bourse on September 15 if the Aquarius offer is accepted. - Reuters

To: gemsearcher who wrote (6102)	7/31/2000 10:08:48 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

Not the News we were looking for! Miners' Strike Does Not Affect SouthernEra's Diamond Production TORONTO, July 31 /CNW/ - Underground work on SouthernEra's Leopard Fissure Project in South Africa has been temporarily halted by a legal strike action commenced by the National Union of Mine Workers on July 26, 2000. The strike action does not affect production at the Marsfontein Joint Venture which uses non-union contractors. Plant operations and diamond recoveries continue at planned levels. The Leopard Fissure Project is an underground diamond prospect currently the subject of a feasibility study. Underground development leading to production is not expected to begin until late this year. The Union's principal demand is higher pay. Mediation and arbitration have so far failed to achieve a settlement. SouthernEra has indicated that it is willing to consider improved compensation once a completed feasibility study has confirmed project economics. SouthernEra Resources Limited is a diamond mining and exploration company and an emerging platinum group metals producer. The common shares of SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange. %SEDAR: 00004535E -30- For further information: please contact: SouthernEra Resources Ltd., Frank van de Water, Chief Financial Officer, Telephone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com